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    1884-S Morgan Dollar, MS63+
    CAC Recognized, Conditionally Scarce
    Few Finer Examples Are Known

    1884-S $1 MS63+ PCGS. CAC. "The amount of gold and silver received for coinage or manufacture into bars varied but slightly from that deposited during the previous year. The coinage of silver was about the same, but a greater proportion than heretofore was coined at the Philadelphia and New Orleans Mints. The San Francisco Mint was principally engaged in the coinage of gold bullion." -- The Mint Director's Annual Report, June 30, 1884.

    Silver dollar coinage at the San Francisco Mint in 1884 totaled 3.2 million pieces, approximately half of the previous year's mintage and the lowest production total of S-mint Morgan dollars since the inception of the series in 1878. Silver bullion purchases at the West Coast branch mint were diminished during the fiscal year "in consequence of the accumulation of silver coins at San Francisco." Silver dollars especially were stock-piled. Including coinage from all mints, in October 1884, the Treasury held in reserve more than 142 million silver dollars, of which more than 45 million were in excess of the total certificates outstanding. By contrast, only a little more than 40 million standard silver dollars were "in circulation," meaning outside of the Treasury's control.

    Nonetheless, circulation seems to be where the bulk of the 1884-S dollar mintage went, and any quantities held in reserve were likely melted decades later under the terms of the Pittman Act of 1918. Worn survivors are plentiful and bring only a modest premium in low grades. However, in Mint State, the 1884-S dollar is challenging to locate, and it is decidedly scarce in MS63 and finer condition. CAC-approved coins in these grades are undeniably rare.

    This Plus-graded coin showcases radiant cartwheel luster beneath a delicate champagne hue. Deeper tinges of amber toning are present around the borders, and there are remarkably few distinguished abrasions for the grade. A few faint grazes in the left obverse field appear to be all that prevent an MS64 designation. This piece is generally well-struck, although some faint, diagonal roller marks (mint made) are not fully struck out of Liberty's cheek. Eye appeal is spectacular for the issue and the grade. Population: 59 in 63 (6 in 63+), 15 finer; 1 in 63 Prooflike, 0 finer. CAC: 12 in 63, 7 finer (1/19).
    Ex: FUN Signature (Heritage, 1/2014), lot 5316, which realized $49,937.50.
    From The Perfection Collection of DMPL/Prooflike Morgan Dollars.(Registry values: P9, N7079)

    Coin Index Numbers: (NGC ID# 254P, PCGS# 7156)

    Weight: 26.73 grams

    Metal: 90% Silver, 10% Copper

    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [The Perfection Collection of DMPL/Prooflike Morgan Dollars ]

    Auction Info

    Auction Dates
    April, 2019
    25th-28th Thursday-Sunday
    Bids + Registered Phone Bidders: 20
    Lot Tracking Activity: N/A
    Page Views: 1,154

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